Film finance expert Jeff Steele has announced the launch of a new firm, Film Closings, which will specialize in the packaging and closing of film-finance deals.
Based in Los Angeles and Chicago, Film Closings will focus on the management and development of financial solutions and strategies for agencies, management firms, foreign sales companies and independent producers.
Steele, who blogs regularly for TheWrap and The Huffington Post, will serve as CEO of the company, which is offering its services to filmmakers working on movies of all budget ranges.
"Financial closings can take anywhere from six to 12 weeks to complete and consume a considerable amount of time and energy," Steele said in a statement. "Filmmakers are usually rushing to make a start date and can't properly prepare for the overwhelming amount of work that's required to close the financing and the bond."
Steele was previously the CFO of Magnet Media Group, an equity finance, production and distribution fund based in Los Angeles.
